DOCSLIB.ORG

The Economic Tightrope

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Economic Tightrope WISCONSIN REAL ESTATE ALUMNI Vol. 26 Issue 1 Spring 2012 ASSOCIATION NEWSLETTER OF THE WISCONSIN REAL ESTATE ALUMNI ASSOCIATION In this Issue The Economic Tightrope Deals in the News Biennial Wisconsin Real Estate Conference President’s Message he 2012 Biennial Wisconsin Real Estate Conference will return to Madison UW Program Update TSeptember 13-15. This year’s program, Economic Tightrope, chaired by alumnus, Brian Eisendrath (BBA 2000), tackles today’s pivotal topics. Beginning on Thursday Scholastic Awards September 13th, the conference is held at the Madison Concourse Hotel and at the new Union South at the University of Wisconsin Madison Campus. From winning strategies Real Estate Club Update to cinch success, to economic analysis, the conference will provide attendees with tools to confront a still delicate market. Honor Roll UW Athletic Director Barry Alvarez, with the most wins Names in the News and longest head coaching tenure in Badgers football history, will help kick off the $ conference at the Thursday Gold Partner evening banquet with his talk, Winning Strategies for Success. Friday’s professional development slate will begin with an interactive session with Bob Rice, Managing Partner of Tangent Capital. Bob will provide a rapid-fire tour of the latest developments in behavioral economics and game theory, and talk about The Equity Kicker is how this information applies to the very real business world. In addition, concurrent published biannually by the panels address cap rate arbitrage and increasing capital allocations to real estate. CNBC Wisconsin Real Estate Alumni Senior Analyst and Financial Industry Expert, Ron Insana, talks about key economic Association, Inc. for the issues for Main Street and Wall Street during the Alumni Luncheon. A contributing writer benefit of its membership. for Money Magazine and USA Today, Insana was also CEO of Insana Capital Partners. Starting his business journalism career in 1984 at CNBC, he has interviewed Warren President Buffett, Bill Gates, the late Steve Jobs, and Presidents Bush and Clinton. Jeffrey Cavanaugh Invesco Real Estate Friday afternoon will feature a final set of concurrent panels with one focusing on Newport Beach, CA opportunities for multi-family developers, and a second focusing on survival and recovery stories resulting from the recent financial crisis. A WREAA Speed Networking Executive Director and Editor Session will follow the panels, bringing together UW Madison students and alumni, Christine Dicks where students learn to make good first impressions by interacting with industry WREAA, Inc. professionals. The day will conclude with a networking reception at Union South. Pewaukee, WI Football tickets are available for the September 15th game, so that fans may cheer the Badgers on to a win against Utah State University. WREAA WISCONSIN CONNECTION FUND Board of Directors Deals in the News Executive Committee President 2011 Deal of the Year Award Jeffrey Cavanaugh (949) 222-6384 Vice President Wisconsin Robert Perry (952) 984-3251 Secretary/Treasurer Connections Lead Gary Duff (310) 788-2253 Executive Director to Financing Christine Dicks (262) 746-9030 Deals Directors lumnus Brian Eisendrath Colorado/Texas A(BBA 2000) has been Dan Metzger (303) 953-3844 selected as the recipient of the Northeast 2011 Deal of the Year Award. Brian Berry (202) 420-2180 CBRE’s multifamily finance Illinois team, led by Brian Eisendrath, Matthew Ewig (312) 845-8599 financed 10 properties totaling Minnesota $150,000,000 for The Bascom Group in 2011. The assets were located in Denver and Steven Buss (952) 924-4618 Southern California Dallas. Bascom alumni include Jerry Fink (MBA 1990), Dave Kim (BBA 1989), Derek Alan Carmichael (949) 509-5006 Chen (MBA 1991) and Chad Sanderson (MS 2004). A generous donation was made to Northern California the Wisconsin Connection Fund in the name of these Wisconsin related transactions. Brandon Buza (415) 956-3100 Pacific Northwest James Geimer (206) 971-0161 Eastern Wisconsin Kristine O’Meara (414) 443-0700 Alumni Team Up in Acquisition and Financing of Western Wisconsin Industrial Property Portfolio Mike Hershberger (608) 240-2390 Southeast n April 2012, Zilber Tyler Edgarton (404) 601-9500 IProperty Group purchased At-Large Director - Membership four fully leased industrial Shari Crivello (630) 250-2910 buildings located in At-Large Director - Student Interface Southeast Wisconsin totaling Sharon McCabe (608) 890-2493 At-Large Director - Recent Graduate approximately 600,000 Gretchen Frankenthal (972) 387-5420 square feet. BMO Harris At-Large Director Bank provided the acquisition Jonathan Block (212) 381-4150 financing. The seller was Immediate Past President represented by Colliers Gary Dreher (952) 278-0114 International in Milwaukee. The deal involved UW real Wisconsin Real Estate estate alumni Austin Mautz Alumni Association, Inc. (BBA 2000) and Daniel Sell (BBA 2008) from BMO Harris Bank, and Tom Shepherd (BBA 2002) from Colliers P.O. Box 307 Pewaukee, Wisconsin 53072 International. Other UW-Madison alumni involved in the deal included Alicia Kopp from Website: www.wreaa.org BMO Harris Bank and Mike Powers, Tom Bernacchi, Cathi Hockers, Mike King and Telephone: (262) 746-9030 Robert Braun from Zilber Property Group. BMO Harris Bank made a donation to the Fax: (262) 746-9031 Wisconsin Connection Fund in the name of the deal. To make a donation to the Wisconsin Connection Fund, please contact the WREAA Office at (262) 746-9030 or visit our website at www.wreaa.org and follow the link to Giving Back/Wisconsin Connection Fund. 2 President’s Message Jeff Cavanaugh, President reetings The market research project that I of Business to take a leadership role Gfrom mentioned in the last Equity Kicker is in the transformation of the delivery California. It now officially underway. Proposals were of education. The real estate program, is very hard received from three different firms and along with the entire business school, to believe working in concert with the James A. will benefit tremendously from the that we are Graaskamp Center For Real Estate one technological and management already near the firm was selected, the scope of work innovations that this Fund will support. halfway point established and a contract executed. The We recognize that our program’s future in the year. project is now underway and it is our hope is inextricably linked to the School It seems like to be able to share the results with you at of Business and that by supporting just yesterday the Biennial in September. To reiterate, and advancing, both in substance and that a big the purpose of this project is to survey in reputation, the business school we group of real estate alums were gathered various constituents and stakeholders from advance and support the real estate outside the Rose Bowl for a pre-game the real estate program, the Center and program. As the largest and most tailgate with visions of another Badger the WREAA to better assess our strengths organized alumni group within the victory. A quick five months later and and weaknesses, determine which services School of Business the WREAA has an the spring semester is over in Madison, our constituents value most, measure opportunity to take a leadership role in the kids are out of school and people are the awareness of the program within the this critical effort and set an important looking forward to summer vacations. broader real estate community and finally precedent for other alumni groups from Thinking about how fast time passes these to help create and implement a strategy the school as well. days I realize how quickly our Biennial to promote and advance the real estate Conference is approaching. Conference program, the Center and the WREAA. Finally with the recent school year coming Chair Brian Eisendrath and the Board’s Survey respondents will include current to an end I’d like to remind everyone of conference committee have been working and prospective students, alumni, Center the incredibly competitive job market that very hard to put together the best program board members, and other industry all our current grads are facing. Please do that we’ve ever had. Scheduled for professionals. While the real estate what you can to help our newest alumni September 13-14 at the beautiful new program at the University of Wisconsin is network and connect with potential Union South (the Memorial Union will second to none in terms of the depth and employers in your markets. Employment be under renovation) you can expect an quality of course offerings, faculty and support has always been one of the incredibly strong group of speakers and staff, and also has an incredible legacy in hallmarks of the WREAA and during panelists focusing on an array of issues real estate education, there is no question these times your help is needed more than confronting the real estate community that the competitive landscape has ever. during these uncertain times. We’ll changed dramatically over the last twenty focus on which investment strategies years. The sheer number of competing Before closing, I’d like to thank Ashley are attracting capital, hear survival and programs and the ability of many of these Jenkins for her service in the At Large recovery stories from the global financial programs to attract capital due to their Director - Recent Graduate position on the crisis, examine the pros and cons of proximity to money centers around the WREAA Board. Gretchen Frankenthal coastal versus non-coastal investing, and country compel us to raise our game in (BBA 2008) of Behringer Harvard has take an in depth look at the multi-family terms of promoting the extraordinary been elected to the position, and we development pipeline and the implications advantages of our great program, Center welcome her to the Board. for what has been the best performing and alumni network. Have a wonderful and productive summer property sector.
Load more

Recommended publications
  • United States District Court
    EXPERT REPORT OF JOHN ABRAMSON, MD. TABLE OF CONTENTS I. OPINIONS .....................................................................................................................3 II. QUALIFICATIONS ......................................................................................................5 III. OVERVIEW ..................................................................................................................8 IV. SOURCES OF INFORMATION ABOUT PRESCRIPTION DRUGS RELIED UPON BY MEDICAL DECISION MAKERS ............................................11 A. THE IDEAL .....................................................................................................11 1. Evidence-Based Medicine and the double-blind placebo- controlled randomized trial .................................................................11 2. Continuing Medical Education ............................................................12 3. Drug Representatives ...........................................................................13 B. HOW THIS SYSTEM OF KNOWLEDGE PRODUCTION AND DISSEMINATION ACTUALLY WORKS ....................................................14 1. Commercial Control of Design, Analysis, and Publication of Clinical Trials in Peer-Reviewed Medical Journals ........................14 2. Review Articles.....................................................................................22 3. Continuing Medical Education ............................................................23 4. Pharmaceutical Marketing ..................................................................26
    [Show full text]
  • Presidential Documents
    Weekly Compilation of Presidential Documents Monday, July 12, 1999 Volume 35ÐNumber 27 Pages 1275±1332 1 VerDate 18-JUN-99 09:57 Jul 14, 1999 Jkt 010199 PO 00000 Frm 00001 Fmt 1249 Sfmt 1249 W:\DISC\P27JY4.000 txed02 PsN: txed02 Contents Addresses and Remarks Executive Orders Arizona, roundtable discussion on small Blocking Property and Prohibiting business development in PhoenixÐ1303 Transactions With the TalibanÐ1281 California National Academy Foundation conference Interviews With the News Media in AnaheimÐ1322 Exchange with reporters at Pine Ridge Indian Patients' Bill of Rights in TorranceÐ1327 Reservation, SDÐ1298 Youth opportunities, discussion in Los Interviews AngelesÐ1318 Ron Brownstein of the Los Angeles Illinois, community in East St. LouisÐ1289 TimesÐ1311 Kentucky, community in HazardÐ1278 Ron Insana of CNBC's ``Business Mississippi Center''Ð1293 Delta region investment, roundtable discussion in ClarksdaleÐ1285 Joint Statement Departure from ClarksdaleÐ1289 Joint Statement With Prime Minister Nawaz New markets initiativeÐ1289 Sharif of PakistanÐ1278 Radio addressÐ1276 South Dakota Meetings With Foreign Leaders Ellsworth AFB community in Rapid CityÐ Pakistan, Prime Minister SharifÐ1278 1302 Pine Ridge Indian Reservation Proclamations CommunityÐ1298 To Facilitate Positive Adjustment to DiscussionÐ1296 Competition From Imports of Lamb Communications to Congress MeatÐ1308 Emigration policies and trade status of certain Statements by the President former Eastern bloc states, letter transmitting reportÐ1281 Death of Karekin IÐ1275
    [Show full text]
  • June 2019 E-Newsletter
    Like FPPTA June E-Newsletter Think big, think globally! Let me start by saying how proud we are of having serviced our members' needs in financial education for 35- years. Preserving the defined benefit model of guaranteed lifetime retirement benefits has always been at the core of our mission. And we extend those thanks especially to our Associate Members who faithfully guide and support us in Kimberlie E. Prior, CPPT that mission. We hope you are planning to attend the FPPTA 35th Annual Conference later this month. (Register online at www.fppta.org.) Technology is changing the world so fast, it's sometimes helpful to take a step back to gain perspective and that's what we'll do this year. And please join me in congratulating Ann Thompson and Lexi Smith as recipients of the Raymond T. Edmondson Service Award and the Raymond T. Edmondson Scholarship. FPPTA 35th Annual Conference Investing in a Global World is our theme and we'll take you on a trip around the planet to see new markets, new opportunities for investors - and where there may be market disrupters. We highlighted three of our keynote speakers in last month's issue, please see below our spotlight this month on the remaining presenters. Raymond T. Edmondson Service Award This year's Raymond T. Edmondson Service Award goes to Ann Thompson. Ann has been a member of the FPPTA Board of Directors since 2007, where she has served tirelessly. She has also served on the Audit Committee (2010 - present), the Education, Executive Oversight, and Relief Committees (2007 - present), and now on the Scholarship Committee Ann Thompson, CPPT, Recipient (2018 - present).
    [Show full text]
  • Larry Winget
    dutton Gotham Books avery dutton Gotham Books avery MeMbers of Penguin grouP (usA) 375 Hudson street, new York, nY 10014 Penguin.coM 9783001147264 Winter 2010 jacket photograph: jeffrey coolidge/stone/getty images DUTTON Winter 2010 Caught by Harlan Coben ........................................2–3 Treasure Hunt by John Lescroart ..................... .4–5 Freedom™ by Daniel Suarez ..................................6–7 Remarkable Creatures by Tracy Chevalier ......................................................8–9 The 10 Laws of Career Reinvention by Pamela Mitchell ........................................................10 The Color of Style by David Zyla ............................ 11 Iron River by T. Jefferson Parker ......................12–13 The Betrayal of the Blood Lily by Lauren Willig .......................................................14–15 Marry Him by Lori Gottlieb .................................16–17 Hell Gate by Linda Fairstein ...............................18–19 The Heights by Peter Hedges ......................... 20–21 Haunt Me Still by Jennifer Lee Carrell .........22–23 The Cheater’s Diet by Marissa Lippert ........24–25 Bursts by Albert-László Barabási ...................26–27 CAUGHT A Novel #1 New York Times Harlan Coben #1 Publishers Weekly An explosive new stand-alone thriller from #1 USA Today* #1 New York Times bestseller Harlan Coben Wendy is a reporter on a mission: She’s chasing down the lowest of #1 Boston Globe the low—sexual predators—and exposing them on national television. Her big break comes when she nails a child advocate who works with #1 BookScan 2010 abused and underserved children. She’s there, cameras rolling, when the cops cuff him and the guy realizes his life is well and truly over. RCH a Three months later, the perp is off the grid, missing and presumed le Grand © Béatrice M dead after the father of a victim claims to have killed him.
    [Show full text]
  • Impact Report 2020
    IMPACT REPORT 2020 1 2 2020 — ANNUAL REPORT 1 TABLE OF CONTENTS COMPANY OVERVIEW ...........................................................4 INTERNATIONAL WOMEN’S DAY............................................64 SAVING OUR SELVES ....................................................... 128 EXECUTIVE LETTER ..............................................................6 NATIONAL CENSUS DAY ......................................................66 ALL IN CHALLENGE .........................................................130 COMMITMENT TO COMMUNITY .....................................8 WE ARE ALL HUMAN FOUNDATION .......................................68 VIRTUAL CELEBRATIONS OF SPECIAL MOMENTS.....132 ABOUT IHEARTMEDIA .........................................................10 PRIDE RADIO ....................................................................70 CAN’T CANCEL PRIDE ......................................................134 NATIONAL RADIO CAMPAIGNS .....................................12 SMALL BUSINESS SATURDAY ...............................................72 IHEARTRADIO PROM .......................................................136 THE CHILD MIND INSTITUTE & NAMI .....................................14 GRANTING YOUR CHRISTMAS WISH ......................................74 COMMENCEMENT: SPEECHES FOR THE CLASS OF 2020 .......138 THE PEACEMAKER CORPS ..................................................16 ENVIRONMENTAL ..........................................................76 SUMMER CAMP WITH THE STARS .....................................140
    [Show full text]
  • PR Class Lured Her to Journalism
    Celebrating Years Of Journalism 1958-2018 Journalism Department 60th Anniversary ~ 1958 - 2018 Journalists and Librarians Celebrate 60 Years Together As the Dean of CSUN’s Oviatt Library, it is my pleasure to congratulate the It’s my pleasure to welcome alumni, family and friends to the CSUN CSUN Journalism Department as you celebrate your 60th anniversary. I’ve always Journalism Department’s 60th Anniversary Reunion Celebration. It’s exciting to thought that librarians and journalists had a great deal in common. We both val- have you here to help the Department’s faculty, staff and students commemorate ue democracy and free speech as a sacred trust in society. We fi ght against censor- this important milestone. ship. We love archives. We advocate for access to information. We value diff erent I have spent nearly 20 years – a third of the department’s history – serving points of view, but we also hold dear the search for accuracy and truth. as a faculty member, teaching key reporting/newswriting skills courses, and as The history of student journalism on the CSUN campus, primarily in the Sun- department chair, since Fall 2012. In that time, like the news and media profes- dial, has always been documented by the Library. At fi rst we kept paper copies, sions, the program has evolved signifi cantly. and later we microfi lmed the entire run of the Sundial. A few years ago, we began Today’s Journalism Department embraces technology, emerging as a to digitize the Sundial’s past issues, and, in leader on several fronts – from its converging student newsrooms and bilingual 2016, we completed the full digitization multimedia operation to its digital and participatory and citizen journalism proj- project.
    [Show full text]
  • Interview with Ron Insana of CNBC's ''Business Center'' in Clarksdale
    Administration of William J. Clinton, 1999 / July 7 1293 Interview With Ron Insana of kill the recovery, so everybody's been trying CNBC's ``Business Center'' in to avoid it. Clarksdale, Mississippi Well, I think about that all the time. And it seems to me that the way to keep America's July 6, 1999 economy growing without inflation is to sell more products overseas and find more con- New Markets Initiative sumers and workers at the same time here Mr. Insana. Mr. President, this trip and at home. And there are onlyÐthere are a your new markets initiative in some ways couple of options. You can bring more people have already been compared to Lyndon from welfare or from the ranks of the dis- Johnson's War on Poverty, Bobby Kennedy's abled into the work force, or you can go to swing through Appalachia. How will this pro- these areas where you invest in them and gram work where some of the other Govern- you get more consumers and more workers ment programs on poverty have failed in the at the same time. And I think this is terribly past? important. The President. Well, first of all, I think Mr. Insana. What specific items will be it's important to recognize that this is dif- included in the legislation to advance those ferent because we don't say the Government goals? What kind of tax credits? can solve all these problems, but we do say The President. Well, the big ideas in the the Government can no longer ignore them.
    [Show full text]
  • Annual Report 2008 Contents Our Mission and Vision 1
    Annual Report 2008 contents Our Mission and Vision 1 Letters from His Eminence Edward Cardinal Egan and 2 the Most Reverend Archbishop Timothy M. Dolan A Message from the Chairman of the Board of Trustees 3 A Report to the Community from the Executive Director 4 Protecting and Nurturing Children and Youth 6 Catholic Charities Philanthropy 8 Feeding the Hungry and Sheltering the Homeless 10 Friends and Funders 12 Strengthening Families and Resolving Crises 18 Catholic Charities Federation of Agencies 20 Supporting the Physically and Emotionally Challenged 26 Fiscal Report 28 Welcoming and Integrating Immigrants and Refugees 30 Pope Benedict XVI’s Apostolic Journey of Hope 32 Board of Trustees and Senior Management 33 With your help, Catholic Charities creates hope for New Yorkers in need. our mission The Catholic Charities of the Archdiocese of New York seeks to uphold the dignity of each person as made in the image of God by serving the basic needs of the poor, troubled, frail and oppressed of all religions. We collaborate with parishes, as well as non-Catholic and Catholic partners, to build a compassionate and just society. Through a network of administered, sponsored and affiliated agencies, Catholic Charities delivers, coordinates, and advocates for quality human services and programs touching almost every human need. our vision Catholic Charities helps solve the problems of New Yorkers in need—non-Catholics and Catholics alike. The neglected child, the homeless family, and the hungry senior are among those for whom we provide help and create hope. We rebuild lives and touch almost every human need promptly, locally, day in and day out, always with compassion and dignity.
    [Show full text]
  • Barbara Crossette
    August 7, 2001 BARBARA CROSSETTE th Office: 28 West 44 St. Ste. 1508, NY, NY 10036 Phone: (212) 819-0809 Fax: (212) 819-0763 Web Site: www.NewYorkCityRotary.org E-Mail: [email protected] Luncheons: Tuesdays, 12 noon MARK YOUR CALENDAR August 7th Ron Insana CNBC Anchor, Author Ron Insana is co-anchor of CNBC's signature program August 14th "Business Center,” (Monday-Thursday, 6.00 – 8.00 p.m., Friday, Richard Matasar 6.00 pm – 7.30 p.m. ET) with Sue Herera. Insana came to the New York Law School network in the 1991 merger with the Financial News Network. He holds the distinction of having anchored the highest-rated CNBC Business News program of all time after the October 27, August 21st 1997, sell-off of 554 points. He is a regular contributor to NBC's Peter Beinart "Today Show," "The Nightly News with Tom Brokaw," "Imus in The New Republic, Editor the Morning" and other programs on sister network MSNBC when market activity warrants. th August 28 Mr. Insana began his career in 1984 as an FNN production FELLOWSHIP DAY Board Meeting assistant, rising to managing editor and chief of FNN's Los Angeles bureau when the two networks combined. While at Sept. 4th FNN, he was nominated for a Golden ACE Award for his role in District Governor’s Day covering the 1987 stock market crash. His first book, Traders' Tales, a compendium of anecdotes about Wall Street Life, was Sept. 11th published in 1996. His second book, The Message of the Barry Mawn Markets, was published by Harpers Business in October 2000.
    [Show full text]
  • Nominations and Awards Were Determined on the Basis of Excellence with No Limitations As to Number of Areas
    RD 23 ANNUAL NEWS & DOCUMENTARY EMMY AWARDS NOMINATIONS IMMEDIATE RELEASE Revised: 8/16/02 THE 23RD ANNUAL NEWS AND DOCUMENTARY EMMY AWARD NOMINEES ANNOUNCED BY THE NATIONAL ACADEMY OF TELEVISION ARTS AND SCIENCES New York, July 22, 2002 -- The 23rd Annual News and Documentary Emmy Award nominees were announced today by Peter O. Price, President of the National Academy of Television Arts and Sciences (NATAS). "We received a record number of entries this year for the News and Documentary Emmy Awards,” said Price. “Entries totaled 1654, up from last year’s 1450.” The awards recognize outstanding achievement by individuals and programs broadcast during the 2001 calendar year. “These entries and nominations reflect the extraordinary year of television news coverage that 2001 proved to be,” said Bill Small, Vice Chairman for News and Documentaries. “This year’s awards will pay tribute to the role of broadcast journalists in covering 9/11 and the war in Afghanistan, among the most significant news stories in modern history. It will also reflect that same excellence in the coverage of news in other key areas affecting our culture including the AIDS crisis as a world health problem and the Israeli-Palestinian conflict.” This year, the presentation of the News and Documentary Emmy Awards will be part of a series of events titled “9/11 to 9/11: A Tribute to News Professionals.” The tribute will begin on Monday, September 9, at the Essex House with a noontime lunch for newsmakers and leading television journalists and executives. Later that day, a symposium attended by journalists, television executives, newsmakers and students will be held at Fordham University to study the role of television in covering the current world crisis.
    [Show full text]
  • RON INSANA CNBC Contributor, Trailblazing Financial Journalist Bestselling Author and Financial Professional
    RON INSANA CNBC Contributor, Trailblazing Financial Journalist Bestselling Author and Financial Professional “Financial markets send messages. Heed them because forewarned is forearmed with respect to future economic, political and geo-political events.” – Ron Insana SUMMARY What are the forces driving the economy and how will they impact you, your business, your industry, and your investment decisions? Those are the questions RON INSANA has answered for viewers and listeners every single day for over three decades. Currently a contributor to CNBC where he also served as anchor and correspondent since 1991, Ron also hosts The Market Score Board Report, a thrice-daily nationally syndicated radio program. As a financial journalist, Ron stands alone as someone who ran his own hedge fund – experience that adds to the depth of his insights. He’s also written for Money magazine, USA Today, and authored four bestselling books on investing and reading the financial market. In Ron’s speeches, he explains how Wall Street, Main Street and Washington intersect – translating the market signals and political maneuvers into actionable information everyone can understand and use to protect what they have and find opportunities in any type of market condition. SPEECH DESCRIPTIONS ECONOMIC REALITY CHECK – A SNAPSHOT OF THE FUTURE Whiplash may be the best way to characterize how it feels to try and navigate this economic landscape. With accelerating change and disruption everywhere, every day can feel like uncharted territory for business leaders. It’s made worse because the old models of predicting where the economy is headed aren’t as reliable as they once were.
    [Show full text]
  • Cnbc and the Discourses of Financialization
    The Pennsylvania State University The Graduate School College of Communications SHAPING THE MARKET: CNBC AND THE DISCOURSES OF FINANCIALIZATION A Dissertation in Mass Communications by Aaron Heresco 2014 Aaron Heresco Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy August 2014 The dissertation of Aaron J. Heresco was reviewed and approved* by the following: Matthew Jordan Associate Professor of Media Studies Dissertation Adviser Chair of Committee Matthew McAllister Assistant Graduate Program Chair / Professor, Media Studies Michael Elavsky Associate Professor of Media Studies Alan Sica Professor of Sociology Marie Hardin Dean, College of Communications *Signatures are on file in the Graduate School ii Abstract This research examines the discursive construction of financialization and financial markets as represented on the cable network CNBC. Following the financial crisis of 2008, discourses of an about finance became legible throughout the social body. From calls for austerity to understandings of the range of social and political possibles, financial markets were an increasingly important cultural force. Financial markets, however, are neither natural nor inevitable, and an analysis of the ways in which these markets and their participants are constituted enlists the Consumer News and Business Channel (CNBC) as a critical site in the cultural circuit of finance capitalism. How CNBC functions as both a financial entity in its own right, as well as a site of discursive production and distribution about finance, positions the network as an important site for the study of financial discourses. A critical discourse analysis of CNBC content highlighted a number of themes regarding market discourses: namely pertaining to ludo-finance, a financial pedagogy, new spatial and temporal social conceptions, and a ritualistic and religious attitude toward financial markets.
    [Show full text]